Part 4/7:
Similarly, REA Group, known for its property classifieds platform, delivered a strong profit report that further lifted the market mood. The positive earnings season also benefited other major players, with the platinum fund manager Mitsubishi UFJ Financial Group increasing its stake to about 8.4% in Platinum Asset Management. This strategic move was met with investor approval, contributing to the day's optimistic atmosphere.
Sector Highlights and Notable Winners
- IDP Education, a provider of tertiary student placement services, experienced a significant rise, even without any fresh announcements, indicating strong investor expectations.